Property prices and sales on the rise, report says

Average property prices in Jersey have increased by 5% in the past year, a report said.

Statistics Jersey's House Price Index, which tracks the average price of one and two-bedroom flats and two, three and four-bedroom houses, said prices had gone up from £596,000 in the second quarter of 2025 to £626,000 in the same period of 2026.

It added 282 properties had been sold during the quarter which was 24% higher than quarter two of 2025 and 32% more than 2026's first quarter.

Housing Minister Malcom Ferey said the figures suggested confidence was returning to the market in Jersey but affordability, particularly with first-time buyers, "remained a challenge".

The report said on a rolling four-quarter basis, the mix-adjusted average price - which takes into account differences in the types, size and location of properties sold in Jersey - during the year ending quarter two of 2025 was 1% higher than the previous quarter.

However, the house price index remained 10% below the peak in prices recorded in quarter three of 2022, it added.

The report found first-time buyers bought about 40 properties during the quarter, a decrease of 20 compared to the first quarter of 2026.

It added about 40 properties purchased during the second quarter were not intended to be the buyer's main residence - an increase of 10 compared to the previous quarter.

Ferey said the Council of Ministers was "exploring measures" to support home ownership and improve housing mobility across the island.

Ferey added: "While house prices have risen over the last 12 months, they remain below the peak levels that were seen in 2022.

"Affordability remains a challenge for many islanders, particularly those looking to purchase their first home.

"It is therefore important that we keep a close eye on market trends and ensure our housing policies help islanders access housing that meets their needs and assists them in moving through the housing market."

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